Tough Insurance Accounting Rules Delayed For Another Year

Law360, London (March 17, 2020, 5:56 PM GMT) -- Insurers will have an additional year to prepare for tough new accounting standards after the international body responsible for crafting the rules pushed back the implementation date back to 2023, according to a statement Tuesday.

The International Accounting Standards Board said the IFRS 17 rules would now come into force for insurance contracts and reporting on Jan. 1, 2023, instead of on the same date in 2022. It is the second time the rules, drawn up in 2017 and described as the biggest shakeup in insurance reporting for 20 years, have been delayed. They were originally expected to come into force...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!